Shiba Inu Price Prediction: SHIB Faces Bearish Pressure Despite 1,200% Burn Rate Spike
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Shiba Inu (SHIB) remains under pressure, trading below all key EMAs, indicating seller dominance. Critical support is at $0.00000760, with risks of a decline to $0.00000730 if broken. Despite a 1,200% burn rate spike, weak demand limits upside potential.
- SHIB stays below all key EMAs as sellers cap rallies and pressure near-term support.
- Support at $0.00000760 is critical, with a break risking a slide toward $0.00000730.
- Burns add long-term scarcity, but weak spot demand and cautious leverage limit upside.
Shiba Inu continues to trade under pressure as the 4-hour chart signals a bearish-to-neutral structure. Price action remains capped beneath key moving averages, keeping sellers in control. Consequently, traders now focus on whether SHIB can defend near-term support or risk a deeper slide.
Price Structure Signals Limited Upside
SHIB trades below its 20, 50, 100, and 200-period EMAs on the 4-hour chart. This alignment reflects sustained downside pressure. Moreover, each rebound has stalled near the EMA cluster, reinforcing seller dominance. Parabolic SAR signals also favor the downside, as dots continue to prin…
Read The Full Article Shiba Inu Price Prediction: SHIB Faces Bearish Pressure Despite 1,200% Burn Rate Spike On Coin Edition.
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Coins
$ 0.00...603
-2.36%
$ 0.00...059
-14.6%Share:
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Coins
$ 0.00...603
-2.36%$ 0.00...059
-14.6%Share:
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Shiba Inu Price Prediction: SHIB Faces Bearish Pressure Despite 1,200% Burn Rate Spike
Share:
Shiba Inu (SHIB) remains under pressure, trading below all key EMAs, indicating seller dominance. Critical support is at $0.00000760, with risks of a decline to $0.00000730 if broken. Despite a 1,200% burn rate spike, weak demand limits upside potential.
- SHIB stays below all key EMAs as sellers cap rallies and pressure near-term support.
- Support at $0.00000760 is critical, with a break risking a slide toward $0.00000730.
- Burns add long-term scarcity, but weak spot demand and cautious leverage limit upside.
Shiba Inu continues to trade under pressure as the 4-hour chart signals a bearish-to-neutral structure. Price action remains capped beneath key moving averages, keeping sellers in control. Consequently, traders now focus on whether SHIB can defend near-term support or risk a deeper slide.
Price Structure Signals Limited Upside
SHIB trades below its 20, 50, 100, and 200-period EMAs on the 4-hour chart. This alignment reflects sustained downside pressure. Moreover, each rebound has stalled near the EMA cluster, reinforcing seller dominance. Parabolic SAR signals also favor the downside, as dots continue to prin…
Read The Full Article Shiba Inu Price Prediction: SHIB Faces Bearish Pressure Despite 1,200% Burn Rate Spike On Coin Edition.
In This News
Coins
$ 0.00...603
-2.36%$ 0.00...059
-14.6%Share:
In This News
Coins
$ 0.00...603
-2.36%$ 0.00...059
-14.6%Share:
Read More
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